By Joseph DiStefano, includes “Pennsylvania’s pension plan for teachers is at war with itself over how to invest its mammoth $70 billion fund. Put aside the lingering FBI investigation. Forget the plan’s botched calculation of its profits. For the deeply split board, a fundamental issue remains whether to keep pouring billion of dollars into hedge fund start-ups, private-equity takeovers, and eclectic real estate plays rather than old-fashioned U.S. stocks and bonds.”